This online library will help you think about important financially focused questions that you should be asking.
It will also direct you to financial information that may be relevant to you and your current situation or life experiences.
What is a Life Experience?
We often talk about the big moments in our lives as ‘Life Events’ or ‘Life Stages’.
Life events are important moments in our lives but are not always a once off event, but rather a period in our lives that we are experiencing.
These times in our lives are called ‘Life Experiences’. You can live through more than one experience at a time and each experience could go on for a long time.
Most people may not live through some of the life experiences at all and will experience them at different times of their lives - there is no specific order (except for death).
Blended families
Financial planning when preparing for a new marriage or relationship is always a challenge, but it can be even harder when you are trying to blend the budgets of two families.
Questions
Whether you both have children or just one of you is bringing children into your second marriage, here are some questions you should think about.
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Do I have financial obligations to my previous relationship with regards to child/spousal support?
Does my partner have any existing debt that s/he will be bringing into the relationship?
Are there any joint assets with my previous partner e.g. a house/car?
How will we manage the finances? Jointly or separately?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
What living expenses will I be responsible for in my new relationship and can I afford it?
Will my partner and I contribute equally towards the monthly expenses?
Do we share the same financial goals?
Will children from the previous relationships live with us permanently?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Do we make enough money to support our children?
Do we have a co-habitation contract or are we married in Community of Property or Out of Community of Property?
What will happen if the relationship ends?
Learning series
The FSCA have put together a learning series just for you. The topics selected will help you through the financial side of your life experience.
Recommended for you
The FSCA have made recommendations of topics that may help answer some of the questions you may have.
Download all the content for these topics in the resource folder.
How to access the resource folder
Click the menu button on the top left. Click on Resources. Download the documents.
Accessing other topics
Remember, these suggested topics are not the only ones available to you. If you would like to explore our other FSCA learning series you can visit our website.
www.fscaconsumered.co.za
Conclusion
We hope that the information is informative!
We challenge you to put this knowledge to practice so that you can make financially smart decisions!
Remember to download the content before exiting the module.
